If you compare the increase in value of investment property in Kardinya, 6163 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this WA suburb was 0.11%.
Taking the average capital gain, or increase in median house value, Kardinya,6163 has racked up an average of 0.11% over the period. This ranks it number 3456th in the whole country for real estate investors looking at median house price increases.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Kardinya, 6163. Typically our figures indicate that -7.51% is being offered, which puts this WA suburb at 1166th most discounted overall in Australia.
Situated 13.26km from the CBD, Kardinya is one of Melville (C) localities in the postcode 6163.
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Median house price: $635,000
Stock on market: 35.0%
12-month growth: -1.2%
Kardinya, 7km from the Perth CBD, is popular with students, thanks to the nearby Murdoch University campus. It also has excellent public transport links to the city, a newly built hospital, and is loved by families for its leafy parks and proximity to the beach.
Historically a tightly-held suburb, stock has flooded onto the market in the past twelve months up 35%, with 100 houses listed this year, compared to 71 last year.
The median house price is currently $635,000 – down 1.2% since this time last year, although homes have clawed back by 0.8% in the past three months. Unit prices are down 1.5% for the quarter, with a median of $388,000. Despite the slight downturn, Kardinya has fare much better than many other suburbs in WA, which have seen prices drop by 20% or more over the past year.
Houses rent for an average of $400 per week, giving landlords a yield of 3.3%, while the median rent for units is $320 per week, yielding 4.3%.